SYDNEY, AUSTRALIA — GrainCorp announced on Oct. 4 the opening of the company’s 2010-11 wheat, barley, canola and chickpea harvest pools.

This is the first season GrainCorp has offered a chickpea pool.

The company will offer harvest pools for growers in Queensland, Victoria, and WA.

GrainCorp 2010-11 harvest pools features include:

• Increments for protein, screenings and moisture offered for wheat pools.

• Canola pools will pay bonification on AOF standards.

• In NSW, Queensland and Victoria, GrainCorp uses the company’s own export freight rates, not GTA location differentials.

• All pools offer an early exit option.

• Transparent costs allow growers to calculate their silo return with online pools calculator.

• All 2010-11 harvest pools are scheduled to be finalized by the end of December 2011.

• Flexible payment options.

• Wheat and barley offer pools have five payment options.

• Chickpea pools offer harvest, distribution and deferred payment options.

• Canola pools offer harvest and deferred payment options.

GrainCorp will also be offering a new ‘Harvest Plus’ wheat pool which features:

• 24-month pool term.

• Ability to spread income over three tax periods.

• $20 premium to the current GrainCorp harvest pool EPR.

Information about the GrainCorp 2010/11 Harvest Pools can be found at